Japan's Kishida: Will ban fresh investments in Russia

Eren Sengezer FXStreet

Japanese Prime Minister Fumio Kishida announced on Friday that they will ban imports of certain Russian products, including coal, as reported by Reuters.

Kishida further noted that they will also ban fresh investments in Russia and freeze the assets of Russia's Sberbank and Alfa Bank.

Market reaction

The market mood remains relatively upbeat following this development. As of writing, the S&P Futures were up 0.25% on a daily basis. Meanwhile, the USD/JPY pair was trading at 124.10, where it was up 0.15% on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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